Hong Kong, March 04, 2024, According to the Associated Press, Asian stocks exhibited mixed performance on Monday. Japan's Nikkei 225 initially rose to 40,314.64 but experienced a slight retreat. Hong Kong's Hang Seng declined by 0.2% to 16,558.00, while the Shanghai Composite index increased by 0.2% to 3,033.63. Seoul's Kospi surged by 1.2% to 2,672.94, showcasing a strong performance. Australia's S&P/ASX 200 saw a marginal decrease of 0.1% at 7,598.00, and Bangkok's SET edged 0.1% lower.
In commodities trading, the US benchmark crude oil experienced a modest decline of 2 cents, reaching $79.95 per barrel in electronic trading on the New York Mercantile Exchange. Meanwhile, Brent crude, the international standard, gained 11 cents, reaching $83.66 per barrel.
In currency markets, the US dollar strengthened against the Japanese yen, rising to 150.16 from 150.08 yen. The euro also slightly increased, reaching $1.0845 from $1.0841. Overall, the market movements reflected a varied picture across the Asian financial landscape.
